Building Britain's Future Economy

• Lord Mandelson will today define the core challenges in building sustainable growth in the British economy in the years ahead, as a key part our plan to reduce deficit and protect frontline services.

• Lord Mandelson will set out new plans to promote enterprise, develop a national British 'innovation system', create new forms of growth finance for innovative companies and tackle the huge challenge of renewing Britain's infrastructure. He will argue that Britain's full recovery depends on a reassertion of the values of long term investment in industrial competitiveness and Britain's future strengths.

• George Osborne made the wrong judgements throughout the financial crisis and opposed our help for businesses and families through the recession. Now he threatens to choke off the recovery by cutting support at the worst possible time. The Tories would deliver a decade of austerity and low growth.